Barely a year after he assumed the post, Henry Cheang has stepped down from his position as chief executive officer and chairman of Imperial Pacific International. Cheang, who also filled the role of chairman since August, was the third IPI executive to leave the company. His predecessor, Marco Teng, resigned in early August, followed by board executive director Cai Lingli.
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The Story

Barely a year after he assumed the post, Henry Cheang has stepped down from his position as chief executive officer and chairman of Imperial Pacific International. Cheang, who also filled the role of chairman since August, was the third IPI executive to leave the company. His predecessor, Marco Teng, resigned in early August, followed by board executive director Cai Lingli.

Congratulations to ONE Championship, which has successfully closed a $166m Series D financing round, bringing the company’s total capital to over $250m. The latest financing round was led by Sequoia Capital, with new investors like Temasek and Greenoaks Capital also participating.